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Salem 01970 South Salem
11 Summit Ave
$325,000
● House - Off Market

11 Summit Ave

Salem, MA 01970
bedrooms
3 Beds
bathrooms
2 Baths
square feet
1,406 Ft²
$632,772
RealtyHop Estimate
87.27%
Since May 1, 2007
MA-Boston
Primary Model

About This Property

Warm and Inviting! Make yourself at home in this inviting 3 bedroom Victorian.  Newly remodeled kitchen. DR,LR, Sitting area in upstairs hallway. Two car parking off street. Close to beaches, shops, restaurants and Forest River Park.
Unit Size
1,406 Ft²
Days on Market
-
Land Size
0.05 acres
Price per sqft
$240
Property Type
House
Property Taxes
$285
HOA Dues
-
Year Built
1890

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Cap Rate Calculator

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Cap Rate 100% Occupancy
N/A (extreme outlier)

What does this mean?

Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.

How much can I actually make?

Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.

How is cap rate calculated?

Cap Rate = Net Operating Income (NOI) / Property Asset Value.

When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.

Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.

Last updated: 4 months ago (MLSPIN #70527197)

Price History

Date / Event Date Event Price
May 21, 2021 Sold
Premium
Sold
Apr 9, 2021 Listed by William Raveis R.E. & Home Services $424,900
Listed by William Raveis R.E. & Home Services
Dec 15, 2015 Sold
Premium
Sold
Apr 27, 2007 Sold
Premium
Sold
Feb 16, 2007 Listed by William Raveis R.E. & Home Services $337,900
Listed by William Raveis R.E. & Home Services
Show More

Property Highlights

Parking Available

Building Info

Overview

    General

  • Year Built: 1890
  • Effective Year Built: 1890
  • Building Count: 1
  • Total Rooms: 6
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 2
  • Partial Bathrooms: 3
  • Building Condition: 6
  • Building Quality: 0
  • Construction Type: 6
  • Building Style: 16
  • Exterior Walls Type: 19
  • Interior Walls Type: 0
  • Roof Shape Type: 1
  • Roof Cover Type: 15
  • Floor Count: 200
  • Living Units: 1
  • Floor Cover: 0
  • Basement Type: 7
  • Basement Area: 792
  • Garage Type: 0
  • Parking Space Count: 0
  • Patio Type: 0
  • Porch Type: 0
  • Pool Type: 0

    Dimensions

  • Lot Size Square Feet: 2,239
  • Total Building Area: 1,406
  • Gross Building Area: 2,511
  • Building Area: 1,406
  • Building Area Measurement: L

    Heating and Cooling

  • Air Conditioning: 0
  • Heating: 10
  • Heated Square Feet: 1,406
  • Heating Fuel Type: 3

    Utilities

  • Sewer System: 0
  • Water Service: 0

Building

  • Building Type: 0
  • Property Class: R
  • Land Acres: 0000000051
  • Standard Land Use Code: 1001
  • County Land Use Code: 101

Neighborhood

  • School District Name: Salem School District
  • School Tax School District: SALEM SD
  • Census Tract: 204101

Zoning

  • Zoning: R1

Geography

  • Parcel: SALE M:33 L:0604
  • Lot: 604
  • Municipality: SALEM
  • Latitude: 42.5106
  • Longitude: -70.8902

    Address

  • Full Address: 11 Summit Ave
  • Address - House Number: 11
  • Address - Street Name: Summit
  • Address - Suffix Type: Ave
  • State: MA
  • City Name: Salem
  • Carrier Code: C041
  • 4-Digit Zip Code: 4756
  • Zip Code: 01970

Valuation

    Tax

  • Tax Year: 2024
  • Tax Amount: $588,600

    Appraisal Valuation

  • Standard Deviation: 0.2418
  • Valuation Date: Mar 06, 2024
  • Confidence Score: 66
  • Final Value: 604,195
  • High Value: 750,188
  • Low Value: 458,203

    Assessments Valuation

  • Assessed Year: 2024
  • Assessed Total Value: $506,500
  • Assessed Land Value: $181,500
  • Assessed Improvements Value: $325,000

    Sales

  • Current Sale Contract Date: May 21, 2021
  • Current Sale Recording Date: May 21, 2021
  • Current Sale Price:
    Premium
  • Current Sale Document Type: O
  • Current Sale Input Document Number: 20210521006050
  • Previous Sale Recording Date: Dec 15, 2015
  • Previous Sale Amount: $20,000
  • Previous Sale Document Type: O
Data used for valuation calculations is provided by RealtyHop, and other third party sources
Request mortgage information redaction

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes

About South Salem

Stats & Trends

Median Asking:

$619,500

Sale Price/ft²

$370

Below Asking

0.01%

Average Days on Market

56

Average Home Size

2207 ft²

Average Home Age

89.3 years

Currently For Sale

47 Listings
Based on RH Advisors, Inc. calculations of home data from MLS and/or public records.

Similar Homes for Sale

Currently no similar homes around

Nearby Rentals

Unit for rent at 160 Federal St, Salem, MA, 01970

$1,725 /mo

  • 1 Bed
  • 1 Bath
160 Federal St, Salem, MA, 01970 Listing by Rick Rivera

Rentals Near You

Click here to view more rentals in the neighborhood.
Last Updated: 4 months ago
Data Source: MLS PIN, MLS# 70527197

Frequently Asked Questions

When was property at 11 Summit Avenue built and last sold?
The property at 11 Summit Avenue was built in 1890 and last sold on May 21, 2021 for $510,000.
How much is this home worth?
The estimated value of the home located at 11 Summit Avenue is $434,965.
What are some comparable homes to 11 Summit Avenue?
There are currently no comparable homes to 11 Summit Avenue.
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